March, 2021

• 9 March

  DBS’s Gupta endorses benefits of office work

  Bloomberg DBS Group Holdings Ltd.’s Chief Executive Officer Piyush Gupta said employees need to sometimes work from the office to develop a firm’s identity. “You need to build the soul of the company, and it’s very hard to do that if everybody is always working from somewhere else,” Gupta, who runs Southeast Asia’s largest bank, said in an interview with ...

  Read More »
• 9 March

  Wells Fargo targets net-zero emissions after rivals set goals

  

  Bloomberg Wells Fargo & Co. joined rivals in pledging to achieve net-zero greenhouse gas emissions in the coming decades. The fourth-largest US lender said it aims to reach that goal, which includes its financed emissions, by 2050. It will also deploy $500 billion in financing to sustainable businesses and projects by 2030. “Climate change is one of the most urgent ...

  Read More »
• 9 March

  US futures climb as global bonds rally before auctions

  

  Bloomberg US stock futures climbed on Tuesday, while government bonds across the globe rallied before US debt auctions that have the potential to spark volatility. The dollar falls. Contracts on the tech-heavy Nasdaq 100 climbed 1.8%, signalling a rebound after an overnight slump in technology stocks amid a rotation to value. European shares opened modestly lower, dragged down by miners. ...

  Read More »
• 9 March

  China state funds buy stocks to stem worsening rout

  

  Bloomberg The bearish mood prevailing in China’s stock market is proving a match even for state-backed funds, and casting a cloud over the Communist Party’s biggest annual political event. The CSI 300 Index closed about 2.2% lower despite evidence that state-backed funds had intervened to shore up the market in morning trading. The news earlier helped the gauge erase losses ...

  Read More »
• 9 March

  UAE denounces Houthi attempt to target Saudi Arabia’s oil sites

  

  ABU DHABI / WAM The UAE has strongly denounced the Iranian-backed terrorist Houthi militias for attempting to target one of the petroleum tank farms at the Ras Tanura Port in the Eastern Region and Saudi Aramco’s facilities in Dhahran with a drone and ballistic missile, which were intercepted by the Coalition Forces. In a statement by Ministry of Foreign Affairs ...

  Read More »
• 9 March

  Abu Dhabi’s ADQ to merge Rafed and Union71 with Pure Health

  

  ABU DHABI / WAM ADQ, a holding company with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, signed an agreement to merge its healthcare support services entities, Rafed and Union71, with Pure Health, an integrated healthcare solutions provider in the UAE. Under the terms of the agreement, ADQ will transfer its ownership of Rafed ...

  Read More »
• 9 March

  UAE, Tunisia discuss ways to promote ties

  

  Abu Dhabi / WAM Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, has received Mu’izz bin Abdul Sattar Binameem, Ambassador of Tunisia to the UAE, to discuss ways of promoting bilateral ties between the UAE and Tunisia. Al Bowardi welcomed the Tunisian Ambassador, wishing him success in carrying out his duties in bolstering the bonds of mutual ...

  Read More »
• 9 March

  dnata achieves special cargo milestone in UAE

  

  Dubai / Emirates Business dnata, one of the world’s largest air services providers, has achieved a special cargo milestone in Dubai. Since March last year, the company’s highly-trained teams have handled over 5,000 cargo-in-cabin flights, safely moving 50,000 tons of shipments at Dubai International airport (DXB). In response to the strong air cargo market demand for the rapid, reliable and ...

  Read More »
• 9 March

  Sustainable City, Efate partner to recycle toxic electronic waste

  

  Dubai / WAM The Sustainable City (TSC), the Middle East’s first fully-operational sustainable community, announced it has introduced a new electronic waste (e-waste) collection and management solutions for the community. The 24-hour e-easte drop-off station — created in collaboration with Efate, a UAE based e-waste management company — will provide a free and efficient e-waste management solution to residents and ...

  Read More »
• 9 March

  Enoc achieves AED86.9m savings through innovation programme

  

  Dubai / WAM Enoc group announced AED86.9 million in cumulative savings from the implementation of innovative ideas submitted by its employees on the group’s innovation programme. Since its inception in 2012, the group’s innovation programme has received 3,824 suggestions and implemented 332 ideas, which contributed to the group’s significant financial savings. In 2020 alone, Enoc employees submitted 661 suggestions to ...

  Read More »